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MNI BRIEF: Powell Says Fed Has Broad Support For Independence

USCentral Bank NewsPolicy NewsFederal ReserveEM Policy NewsEM BriefBriefGlobalStoryRegionNorth America

MNI (WASHINGTON) - Federal Reserve Chair Jerome Powell on Thursday repeated the central bank has the tools to defend its independence and Fed independence is broadly understood on Capitol Hill.

"I've spent a lot of time on Capitol Hill, and I think where it really matters, on both sides of Capitol Hill, the Senate and the House, in both political parties, there's a broad understanding that an independent central bank is very important in just serving the public as best we can," he said in an event in Dallas.

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MNI (WASHINGTON) - Federal Reserve Chair Jerome Powell on Thursday repeated the central bank has the tools to defend its independence and Fed independence is broadly understood on Capitol Hill.

"I've spent a lot of time on Capitol Hill, and I think where it really matters, on both sides of Capitol Hill, the Senate and the House, in both political parties, there's a broad understanding that an independent central bank is very important in just serving the public as best we can," he said in an event in Dallas.